Balance the Scales Act

The Balance the Scales Act would amend the Employee Retirement Income Security Act of 1974 to require the Secretary of Labor to submit an annual report to Congress detailing any agreements to provide "adverse assistance"—defined as advice or information shared with plaintiff attorneys for potential use in civil actions under ERISA—to individuals, including copies of written agreements, logs of communications and meetings, and descriptions of information shared, while redacting identifying information about other parties. The bill also adds a congressional finding that private pension plans are integral to employee retirement security and declares it federal policy to promote their voluntary…

No official summary is available here. This one was written by AI from the bill’s text.